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Top 10 Mutual Fund Managers In Nigeria / Mutual Funds In Nigeria: Please Share Your Experience / Best Nigerian Mutual Funds To Invest In? (2) (3) (4)

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Re: Mutual Funds by bikerboy1(m): 5:48pm On Jan 20, 2020
emmasoft:


VGIF still the same 11.43 while AMMF 8.3. You can check on your account online as a client

I thought both of them are mutual fund. Why is VGIF significantly higher than AMMF?

Or rather, my question should be, what is the main difference between the two?
Re: Mutual Funds by emmasoft(m): 5:57pm On Jan 20, 2020
bikerboy1:


I thought both of them are mutual fund. Why is VGIF significantly higher than AMMF?

Or rather, my question should be, what is the main difference between the two?

Yes they are, but have underlying assets differ. AMMF is purely money market fund. Fund is invested only on money market instrument predominated Tbills and some few percentages on commercial paper or bank deposit. The risk near zero.

VGIF Fund Fact
Minimum Subscription: N50,000 Additional investment can be made in multiples of N1.00
Fund Objective: To provide capital preservation and a stream of guaranteed income
Financial Year End: December
Fund Category: Fixed Income
Asset Classes: Money Market, Fixed Income and Equities
Fund Manager: Investment One Funds Management Limited
(A subsidiary of Investment One Financial Services Limited)
Fund Trustees: First Trustees Nigeria Limited
Fund Custodian: Stanbic IBTC Custodians
Fund Registrars: First Registrars & Investor Services Limited
Nominees: Stanbic IBTC Nominees Limited
FeaturesBenefits
VGIF offers a guaranteed return which is benchmarked against SDF (Standard Deposit Facility)
Returns are paid in January and July.
The return on investment is not subject to withholding tax.
Investors may also earn an additional yield equal to 35% of the net income of the Fund
The investment can be used as collateral for loan from banks.

Please check up these links to know more,
https://www.nairaland.com/2351888/top-10-mutual-fund-managers
http://businessnews.com.ng/2014/10/15/investmentone-acquires-kakawa-asset-management/
https://en.wikipedia.org/wiki/Investment_One

Always remember to use the link on my signature to open account online for any of the products (funds) or contact me for more clarifications
Re: Mutual Funds by hollerbaby: 8:56pm On Jan 20, 2020
In this hard interest rate times, little interest is better than losing all of ones capital due to wrong choice and greed . The funny part is that fraudulent people are ready to take advantage of this panic period to milk people dry of their hard earned investment savings. I agree, my risk appetite is small. Abo oro ............

10 Likes

Re: Mutual Funds by singletech(m): 11:25am On Jan 21, 2020
cheesy
hollerbaby:
In this hard interest rate times, little interest is better than losing all of ones capital due to wrong choice and greed . The funny part is that fraudulent people are ready to take advantage of this panic period to milk people dry of their hard earned investment savings. I agree, my risk appetite is small. Abo oro ............

1 Like

Re: Mutual Funds by singletech(m): 11:26am On Jan 21, 2020
singletech:
cheesy
cheesy cheesy cheesy cheesy
Re: Mutual Funds by singletech(m): 11:27am On Jan 21, 2020
hollerbaby:
In this hard interest rate times, little interest is better than losing all of ones capital due to wrong choice and greed . The funny part is that fraudulent people are ready to take advantage of this panic period to milk people dry of their hard earned investment savings. I agree, my risk appetite is small. Abo oro ............
cheesy cheesy cheesy, am believing MMF will bounce back by Mach or so
Re: Mutual Funds by ernie4life(m): 11:32am On Jan 21, 2020
singletech:
cheesy cheesy cheesy, am believing MMF will bounce back by Mach or so

what are your reasons?

1 Like

Re: Mutual Funds by emmasoft(m): 11:36am On Jan 21, 2020
singletech:
cheesy cheesy cheesy, am believing MMF will bounce back by Mach or so

MMF and other regulated investment windows follow economic realities and government policies of a country. Nothing just happens.

1 Like

Re: Mutual Funds by emmanuelewumi(m): 11:38am On Jan 21, 2020
ernie4life:


what are your reasons?

Hope and faith
Re: Mutual Funds by Brooke60(f): 11:44am On Jan 21, 2020
emmasoft:


VGIF still the same 11.43 while AMMF 8.3. You can check on your account online as a client
Please can you tell me about this VGIF? I am new in this
Re: Mutual Funds by emmasoft(m): 12:01pm On Jan 21, 2020
Brooke60:
Please can you tell me about this VGIF? I am new in this

Actually if you scroll up on this page you see write up on VGIF and some useful links, You can PM me so that I will not keep repeating same thing on the general thread or check my signature for my contact.

1 Like

Re: Mutual Funds by ernie4life(m): 12:14pm On Jan 21, 2020
emmanuelewumi:


Hope and faith

No correlation between Economics and morality/religion

1 Like

Re: Mutual Funds by emmanuelewumi(m): 12:18pm On Jan 21, 2020
ernie4life:


No correlation between Economics and morality/religion

In Nigeria we marry them together.
Re: Mutual Funds by Chidoo1234: 2:42pm On Jan 21, 2020
Apitch:

Incorrect. It's for Saturday and Sunday, that of Monday will enter later in the evening.
Rates are too poor now, 6.

Where then can someone invest and get reasonable interest.
Re: Mutual Funds by Apitch(m): 3:49pm On Jan 21, 2020
Chidoo1234:

Where then can someone invest and get reasonable interest.

No idea for now, apart from the real sector
Re: Mutual Funds by emilyone(f): 4:50pm On Jan 21, 2020
Why is Mutual fund interest rate dropping day by day, I hope my fund is safe? I dont want stories that touch .
Re: Mutual Funds by emmasoft(m): 6:02pm On Jan 21, 2020
emilyone:
Why is Mutual fund interest rate dropping day by day, I hope my fund is safe? I dont want stories that touch .

Your capital is safe! Depending on the type of mutual fund. Whatever affects the under laying assets affects the fund. The major asset for MMF is TBills and right now the TBills rates are down across all tenors hence the MMF rates are going down. If you look closely to equity base fund the reverse is the case because right now the NSE is bullish since the year began.
Re: Mutual Funds by singletech(m): 6:53pm On Jan 21, 2020
emmasoft:


Your capital is safe! Depending on the type of mutual fund. Whatever affects the under laying assets affects the fund. The major asset for MMF is TBills and right now the TBills rates are down across all tenors hence the MMF rates are going down. If you look closely to equity base fund the reverse is the case because right now the NSE is bullish since the year began.
So, what's the way forward? We should keep an eye on MMF for now or?
Re: Mutual Funds by emmasoft(m): 7:08pm On Jan 21, 2020
singletech:

So, what's the way forward? We should keep an eye on MMF for now or?
Do what your risk level can accommodate

4 Likes

Re: Mutual Funds by HumbleVictor(m): 11:48am On Jan 22, 2020
Dear Investor, your e-account number is 1345164651. Please proceed to make payment stating your e-account number as reference Regards.
Please what do I do next??
Re: Mutual Funds by SirBen90: 12:11pm On Jan 22, 2020
Good day people. Gurus in the house, how advisable is it to invest in the Stanbic IBTC Bond Fund especially as regards capital preservation and steady (albeit small) interest rate?
Re: Mutual Funds by emmasoft(m): 12:32pm On Jan 22, 2020
HumbleVictor:
Dear Investor, your e-account number is 1345164651. Please proceed to make payment stating your e-account number as reference Regards.
Please what do I do next??

Transfer your money to the bank account details of the fund you are investing in following the instruction as shared by you.
Re: Mutual Funds by emmasoft(m): 12:38pm On Jan 22, 2020
Some factors that determine where you put your money:

Risk appetite: Most cases the higher the risk the higher the returns
Investment objective: what you intend to achieve could be immediate or futuristic
Experience and knowledge: in most cases determines your success or failure
Age: Most cases it’s advised to do less risky investment when getting older and vice versa.
Funds available for investment: This most times determine the type/form of investment you can do
Investment duration: Most cases the longer the higher the profit
Don’t forget there are always exceptions to the norms.

Forms of investment:
Real estates
Stocks
Mutual funds
Treasury bills
Bonds
Commercial papers
Bank deposits
Business
Training
NB: The primary aim of investment is to make profit. However, some of the factors and types of investment as stated above now determines the level of your profit/returns

In investment, beware of Greed and Fear.
Fear will stop you from making the money you ought to make
While greed will cause you to lose the money you already made.
Remember to always check my signature for online account opening for any form of mutual funds, stocks etc with investment one.

8 Likes 1 Share

Re: Mutual Funds by HumbleVictor(m): 2:34pm On Jan 22, 2020
emmasoft:


Transfer your money to the bank account details of the fund you are investing in following the instruction as shared by you.
Okay. thanks... Do you know the code to transfer to Stanbic Ibtc mutual funds?
Re: Mutual Funds by Aicebaba: 3:02pm On Jan 22, 2020
HumbleVictor:
Dear Investor, your e-account number is 1345164651. Please proceed to make payment stating your e-account number as reference Regards.
Please what do I do next??

Call Stambic IBTC Asset Management to obtain their MMF account, then proceed and make payment (for the planned investment amount) quoting the supplied e-account number as reference during the bank transfer.
Re: Mutual Funds by faoogoke(m): 3:27pm On Jan 22, 2020
I don't understand what's up with United Capital PLC.
I placed N1,000,000 in their bond fund just over a week ago.
Each time I check not one kobo accrued as interest.
Only for me to check this afternoon and almost N10,000 has been wiped from my account balance.
I thought my capital should be preserved in a bond fund.
I sent WhatsApp message to customer care. They read but are yet to respond.
I have been calling Customer care but no one is picking my call.
I also sent email, and I am still awaiting response.
Can't one do business with these people and hold them to their word?
Re: Mutual Funds by emmasoft(m): 3:48pm On Jan 22, 2020
HumbleVictor:

Okay. thanks... Do you know the code to transfer to Stanbic Ibtc mutual funds?

Do direct bank transfer online or using your bank app to
Name: First Trustees/SIBTC Money Market Fund
Acct Number: 9202476223
Bank: Stanbic IBTC

2 Likes

Re: Mutual Funds by olujaidi: 4:16pm On Jan 22, 2020
faoogoke:
I don't understand what's up with United Capital PLC.
I placed N1,000,000 in their bond fund just over a week ago.
Each time I check not one kobo accrued as interest.
Only for me to check this afternoon and almost N10,000 has been wiped from my account balance.
I thought my capital should be preserved in a bond fund.
I sent WhatsApp message to customer care. They read but are yet to respond.
I have been calling Customer care but no one is picking my call.
I also sent email, and I am still awaiting response.
Can't one do business with these people and hold them to their word?

The net asset value of the bond fund fluctuates from day-to-day. It's traded and marked to market. I'm not sure it pays interest until perhaps mid-year or year-end. Or whether they do at all. You have to find out when they pay interest. On the flip-side, it can rise beyond the price at which you bought it

It's unlike an MMF where the unit price is fixed at N100 and all the interest less fund expenses is paid out quarterly.

1 Like

Re: Mutual Funds by faoogoke(m): 4:43pm On Jan 22, 2020
olujaidi:


The net asset value of the bond fund fluctuates from day to day. It's traded and marked to market. I'm not sure it pays interest until perhaps mid year or year end. You have to find out when they pay interest. On the flip side it can rise beyond the price at which you bought it

It's unlike an MMF where the unit price is fixed at N100 and all the interest less fund expenses is paid out quarterly.

Thank you for the explanation.
But are you saying that my capital is not preserved?
Do you also suggest I pull my money to money market mutual fund
Re: Mutual Funds by olujaidi: 5:47pm On Jan 22, 2020
faoogoke:


Thank you for the explanation.
But are you saying that my capital is not preserved?
Do you also suggest I pull my money to money market mutual fund

No, capital isn't. You can have gains and losses if the value of the underlying bonds rises or falls. I'm not sure if their bond fund pays interest or adds the interest to your NAV. Please find out.
I can't say which is better. If you can't stand a loss, maybe an MMF would be better. The low rates won't be here forever.

Perhaps Mr emmanuelewumi and emmasoft can proffer advice on this.

1 Like

Re: Mutual Funds by HumbleVictor(m): 6:02pm On Jan 22, 2020
emmasoft:


Do direct bank transfer online or using your bank app to
Name: First Trustees/SIBTC Money Market Fund
Acct Number: 9202476223
Bank: Stanbic IBTC
Thanks bro
Re: Mutual Funds by emmanuelewumi(m): 6:13pm On Jan 22, 2020
olujaidi:


No, capital isn't. You can have gains and losses if the value of the underlying bonds rises or falls. I'm not sure if their bond fund pays interest or adds the interest to your NAV. Please find out.
I can't say which is better. If you can't stand a loss, maybe an MMF would be better. The low rates won't be here forever.

Perhaps Mr emmanuelewumi and emmasoft can proffer advice on this.

I will advise him to buy bonds of 3 to 5 years and hold this maturity. Interest rates will affect the prices of bonds. It is very rare for a bond bought in the primary market to lose price.

2 Likes

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